TruWealth Advisors LLC Makes New $460,000 Investment in Capital One Financial Corporation $COF

TruWealth Advisors LLC bought a new position in Capital One Financial Corporation (NYSE:COF) during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 2,164 shares of the financial services provider’s stock, valued at approximately $460,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. WPG Advisers LLC purchased a new stake in Capital One Financial in the first quarter worth $25,000. Saudi Central Bank purchased a new stake in Capital One Financial in the first quarter worth $27,000. Beacon Capital Management LLC increased its stake in Capital One Financial by 118.3% in the first quarter. Beacon Capital Management LLC now owns 179 shares of the financial services provider’s stock worth $32,000 after purchasing an additional 97 shares during the period. Bogart Wealth LLC increased its stake in Capital One Financial by 1,518.8% in the first quarter. Bogart Wealth LLC now owns 259 shares of the financial services provider’s stock worth $46,000 after purchasing an additional 243 shares during the period. Finally, Motco increased its stake in Capital One Financial by 115.1% in the first quarter. Motco now owns 256 shares of the financial services provider’s stock worth $46,000 after purchasing an additional 137 shares during the period. Hedge funds and other institutional investors own 89.84% of the company’s stock.

Capital One Financial Price Performance

Shares of COF stock opened at $223.59 on Friday. Capital One Financial Corporation has a 1-year low of $137.64 and a 1-year high of $232.45. The stock’s 50-day moving average is $217.89 and its 200 day moving average is $196.49. The company has a market cap of $142.99 billion, a P/E ratio of 114.66, a PEG ratio of 0.87 and a beta of 1.17. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.02 and a quick ratio of 1.02.

Capital One Financial (NYSE:COF) last issued its quarterly earnings data on Tuesday, July 22nd. The financial services provider reported $5.48 earnings per share for the quarter, beating analysts’ consensus estimates of $1.93 by $3.55. The company had revenue of $12.49 billion for the quarter, compared to the consensus estimate of $12.72 billion. During the same period in the previous year, the business earned $3.14 EPS. Capital One Financial’s revenue for the quarter was up 31.4% compared to the same quarter last year. Research analysts predict that Capital One Financial Corporation will post 15.65 earnings per share for the current fiscal year.

Capital One Financial Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 2nd. Investors of record on Friday, August 15th were given a dividend of $0.60 per share. The ex-dividend date of this dividend was Friday, August 15th. This represents a $2.40 dividend on an annualized basis and a yield of 1.1%. Capital One Financial’s dividend payout ratio (DPR) is presently 123.08%.

Analyst Ratings Changes

COF has been the topic of a number of recent analyst reports. TD Cowen upgraded Capital One Financial from a “hold” rating to a “buy” rating and increased their target price for the stock from $184.00 to $258.00 in a research note on Tuesday, July 8th. Wall Street Zen downgraded Capital One Financial from a “buy” rating to a “hold” rating in a research report on Saturday, August 9th. Redburn Atlantic raised Capital One Financial to a “strong-buy” rating in a research report on Friday, August 1st. Royal Bank Of Canada increased their price target on Capital One Financial from $240.00 to $255.00 and gave the stock a “sector perform” rating in a research report on Wednesday, July 23rd. Finally, Keefe, Bruyette & Woods increased their price target on Capital One Financial from $248.00 to $260.00 and gave the stock an “outperform” rating in a research report on Wednesday, July 23rd. Three research analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating and four have issued a Hold rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $239.44.

Insider Buying and Selling

In related news, insider Michael Zamsky sold 5,515 shares of the firm’s stock in a transaction dated Monday, August 4th. The stock was sold at an average price of $209.59, for a total transaction of $1,155,888.85. Following the sale, the insider owned 27,364 shares of the company’s stock, valued at $5,735,220.76. This trade represents a 16.77% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, General Counsel Matthew W. Cooper sold 2,000 shares of the stock in a transaction dated Tuesday, September 2nd. The shares were sold at an average price of $223.40, for a total value of $446,800.00. Following the completion of the sale, the general counsel owned 100,486 shares of the company’s stock, valued at approximately $22,448,572.40. This trade represents a 1.95% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 21,298 shares of company stock worth $4,679,844 in the last three months. 1.26% of the stock is owned by company insiders.

Capital One Financial Company Profile

Capital One Financial Corporation operates as the financial services holding company for the Capital One, National Association, which engages in the provision of various financial products and services in the United States, Canada, and the United Kingdom. It operates through three segments: Credit Card, Consumer Banking, and Commercial Banking.